It’s that time again on a Sunday Evening when I look at the charts and try to figure out what is most likely to happen in the coming Week/Weeks. Of course there can never be any certainty about anything but I like to try and be on the side of the Most Likely Outcome - in effect I want to stack the odds on my side, but I also need to have a Contingency Plan just in case I am wrong.
Despite all the Bearish Chatter, I am still not convinced we are heading into a Sustained Bear Market. Let me be clear on this, the Definition of a Bear Market is a fall of 20% from the Peak - but in all honesty this is completely useless to us as Investors.
8 Comments
Apart from Friday and Saturday Nights (usually), I tend to look at the Charts of all the Major Indexes that I see as relevant to my Holdings - stuff like FTSE100, FTSE250, FTSE Small Cap, FTSE AIM, DAX, CAC40, DOW, S&P500, Nasdaq Composite, Brent Oil and Gold (to be honest, I look at Gold more out of interest and because it winds the Gold Bugs up when I tell them how pants it is !!). I also look at the Stock Charts of all my Holdings and a few others that I monitor for other people (my Mum for one).
Often on a Sunday Night when I have more time I will do a quick Summary of the Technical Situation of the Indexes and I slam this onto the Homepage of WD2. However, I am aware that it is a bit ‘dry’ without Charts to give real depth and colour to what I am saying - the reason for this is that it takes quite a bit of time to do and especially loading the Charts into the Website. I am aware that many Readers are Amateur Chartists like myself and hopefully the Information I splash out on WD2 and Nightly via Tweets can enable these Readers to interpret their Charts in a meaningful way - or at least they can see my view and disregard it is they think it is bollox.
With recent turmoil in the Markets, I thought it would be helpful for Readers and for myself to have a look at the Markets with regard to the ‘Bigger Picture’ and help give some perspective and hopefully calm us all down a bit.
Obviously from an immediate News angle there is plenty for Markets and Participants to worry about - Grexit, China Stockmarket Meltdown and even a Computer glitch at the New York Stock Exchange today.
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
As Regular Readers (Sufferers?) and Twitter Followers (true suffering) will know, I am in Summer Mode at the moment and updating the Website is not really top of my list for fun things to be doing !! But it’s no big deal - it just means less Blogs and I will be skimping over this one - I will outline why I bought the Stock and what the Risks are and the Valuation Case, Targets and Technicals - that should give you a good idea of why I have put more money into TTR.
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
You may have seen that I bought more St. Ives (Epic code: SIV) early in the morning on Friday 29th May and I wanted to do a quick Blog to give Readers a view on why I made this Decision. I am in Summer mode and trying to take things easy so I will not do a hugely detailed Blog - but you will find the guts of my Decision in here and you can have a look into the Company yourself if you wish to. Remember this is not a Recommendation to Buy or anything.
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
This should be a fairly quick WheelieBlog with an emphasis on the Technical Timing Indicators really. Twitter Followers and Readers of the ‘Changes List’ on my Homepage may have noticed that I bought more AstraZeneca AZN via a Long Spreadbet at 4415.9p on Tuesday 26th May 2015 early in the morning. I already hold these in my Income Portfolio (please see my ‘Trades / Portfolios’ Page of this Website for more details on the other Holdings) and I decided on Monday Night to add to this Position after quite a drop in recent Trading Sessions.
There was a bit of discussion last night on the Tweet Factory about Bull Flags - I suggested one might be forming on Empresaria EMR and I got back the fairly likely question “what’s one of them then?”
I love Bull Flags (you will find a lot of people with a tad of Technical Analysis bent will be of like mind I suspect) because they are a very reliable Indicator that the Price is likely to move up soon. This should be a quick Blog to just give a clear illustration of what they look like and some other factors around them which are well worth knowing. I will use Dart Group DTG as an example and show what is happening over at EMR and why I highlighted that I thought a Bull Flag was perhaps starting to form. This Blog might be best viewed on a largish Screen - you are gonna struggle to see the Chart and Candlesticks adequately using a Fone Screen.
As you know, I continually bleat on about flippin’ Candles - drives you all nuts right? Anyway, I had been working on the Spreadbet Blog Series and fancied knocking up a quick, easy and nearly fun Blog draft - with the intention that it would probably see the light of day in March ish (and so it has !!). I have had a lot of Readers ask me about Candles and I seem to have ignited some interest (geddit?), so I fancied a Blog on it. My thinking was that I would randomly pick a Chart of a Stock and then point out how Candlestick Charting techniques enable me to ‘read’ what the Share Price is doing and have some idea of its future moves - the ability to peek into the near future, now that would be handy, would it not? DO NOT BASE TRADING DECISIONS ON THIS TEXT - THIS IS MERELY FOR YOUR DELECTATION AND DELIGHT
Something a little different for everyone tonight - instead of doing a textual list of various obscure Technical Indicators, I thought I would pick out some Key Charts on the Various Indexes. Summary FTSE100 still looks uncertain and either the Bulls or the Bears could win out in the short term. However, if the Bulls win, they won’t be able to drag it far. We might see 7000 soon though…… US Markets look like they may go higher in coming days, but they are getting stretched to the Upside. Europe looks very Overbought and due a fall. THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
Hopefully this will be short and sweet. You may have seen on my ‘News’ bit on the Homepage or on Twitter that I sliced off a chunk of my CRST holding at around 440p early this morning. As usual, I made the decision in the ‘cold light of day’ (ok, it was dark) last night after the markets were well and truly shut, and it was partly driven by Chart based timing as I will outline below. I have held CRST for about 2 years having bought my first chunk just after the IPO - because it looked flippin’ cheap. I have quite a lot of Shares and Spreadbet positions and I chopped off about a fifth of my holding - banking a Profit of over 62% and there were Divvys on top of this as well - not too bad. Hopefully I can shift some more of the Holding with similar banked profits or preferably better !! |
'Educational' WheelieBlogsWelcome to my Educational Blog Page - I have another 'Stocks & Markets' Blog Page which you can access via a Button on the top of the Homepage. Archives
January 2021
Categories
All
Please see the Full Range of Book Ideas in Wheelie's Bookshop.
|